Liquefied Natural Gas Market, by Application (Power Generation, Transportation, Mining & Industrial, Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 20

Liquefied Natural Gas Market, by Application (Power Generation, Transportation, Mining & Industrial, Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

The increasing focus on developing gas pipeline infrastructure and favorable government regulations is projected to fuel growth of global liquefied natural gas market over the forecast period. Asia Pacific held highest revenue share in the global liquefied natural gas market in 2016 and is expected to maintain its dominance in the near future. This is mainly due to presence of largest LNG exporter countries in the region such as Australia, Indonesia, and Malaysia. Increasing utilization of advanced biofuels in transportation sector, as it is a clean and readily available alternative source to fossil fuels, is expected to fuel growth of the liquefied natural gas market over the forecast period.

Key drivers such as changing trend towards clean energy sources, increasing demand for liquefied natural gas in transportation, and government initiatives to improve production capacity in collaboration with global manufacturers across every region are expected to fuel growth of the global liquefied natural gas market over the forecast period (2020-2030).

Growing demand for natural gas also helps in reducing the emission of harmful greenhouse gas emissions. Increased usage of this fuel in the mining, industrial and power generation sectors has displayed a significant change over the historic period. A decline in the prices, as well as low fuel switching costs, are enhancing the industry growth in the transportation and power generation application.

Market Dynamics

Asia Pacific is held highest market share of global LNG market in 2021. Growing economy of China, Japan, Indonesia and India are propelling demand for clean and natural gases. This in turn is increased demand for liquefied natural gas in various applications such as power generation, transportation, mining, industrial etc. Europe held second largest market share of global LNG market in 2021 and the region is expected to keep its position in the market through 2030.

The demand for liquefied natural gas is increasing from various end-use industries such as the mining industry, chemical industry, food processing, and other industries. For mines operating in remote areas which do not have access to grid-connect electricity, in many such cases, natural gas-powered generators provide peak and base load generation for electricity and heat. This is expected to drive the market growth of the global liquefied natural gas market.

Key features of the study:

• This report provides an in-depth analysis of the global liquefied natural gas market, and provides market size (US$ billion & KT) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global liquefied natural gas market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include BP Plc, Cheniere Energy, Chevron Corporation, China Petroleum & Chemical Corporation, Conoco Philips, Eni SpA, Equinor ASA, Exxon Mobil Corporation, Gazprom Energy, PetroChina Company Limited, Royal Dutch Shell, Total SA, China National Petroleum Corporation (CNCP), Shell Global
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
• The global liquefied natural gas market report caters to various stakeholders in this industry including investors, suppliers, Liquefied Natural Gas manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global liquefied natural gas market

Detailed Segmentation:

• Global Liquefied Natural Gas Market, By Application:
• Power Generation
• Transportation
• Mining & Industrial
• Others
• Global Liquefied Natural Gas Market, By Region:
• North America
• By Country:
• U.S
• Canada
• Latin America
• By Country:
• Brazil
• Mexico
• Argentina
• Rest of Latin America
• Europe
• By Country:
• Germany
• U.K
• France
• Italy
• Spain
• Russia
• Rest of Europe
• Asia Pacific
• By Country:
• China
• India
• Japan
• Australia
• South Korea
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa
• By Country/Region:
• Middle East
• Africa
• Company Profiles
• BP Plc
• Company Overview
• Product Portfolio
• Key Strategies
• Recent Developments
• Future Plans
• Cheniere Energy
• Chevron Corporation
• China Petroleum & Chemical Corporation
• Conoco Philips
• Eni SpA
• Equinor ASA
• Exxon Mobil Corporation
• Gazprom Energy
• PetroChina Company Limited
• Royal Dutch Shell
• Total SA
• China National Petroleum Corporation (CNCP)
• Shell Global

“*” marked represents similar segmentation in other categories in the respective section.